Fri, May 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

eVestment: Hedge funds end Q3 2013 on pace to beat 2012 returns

Thursday, October 10, 2013

Bailey McCann, Opalesque New York:

Even though hedge funds have had a hard time outperforming the S&P500 this year, they are still on pace to beat 2012 returns according to new research from eVestment. Hedge funds rose an average of 1.7% in September, ending Q3 up 2.4%, and have returned an average of 5.7% through the first nine months of 2013. On an annualized basis the industry is on pace to return 7.7% in 2013, slightly ahead of 2012’s 7.2% increase.

In terms of strategies, performance in September and Q3 was dragged down once again by managed futures, FX and commodity strategies. With systematic strategies removed (the majority of these universes are systematic), the hedge fund industry would be on pace to exceed 11% in 2013. Long/short equity is on pace for their best year since 2009 and second best since 2006. In both those prior years the universe beat the S&P 500.

Macro strategies are flat for the year so far, giving them a slight edge over managed futures which have been largely negative. "There has been an anomaly in recent months between large and small funds in the universe," writes Peter Laurelli, VP and head of research, eVestment. While large macro managers are on pace for positive returns for the year and their smaller counterparts are negative, since the rate shift in May performance has been noticeably more volatile for large funds, highlighting their exposure to interest rate markets."

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the